US EditionEurope Needs Tighter Regulation of Shadow Banks: Lagarde
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9 Articles
Europe needs tighter regulation of shadow banks: Lagarde
Europe needs to tighten regulation of non bank financial firms to level the playing field with traditional lenders and to contain risk in a sector that has grown rapidly over the past several decades, ECB President Christine Lagarde said today.
European Central Bank (ECB) President Christine Lagarde warned on Tuesday against lowering banking regulations, arguing that stronger supervision of non-banks was necessary.
The government should pay attention to companies that perform bank tasks, but are not real banks themselves.
The President of the ECB (European Central Bank), Christine Lagarde, defended the strengthening of the regulation for non-bank institutions involved in activities similar to those of the banking sector. "A better supervision of non-bank institutions would make possible the potential risks to financial stability, which have remained asleep in more darker parts of the economy, more visible, allowing policymakers to anticipate them," Lagarde said, …
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